P/E ratio for Canopy Growth (CGC)
P/E ratio as of May 2024 (TTM): -6.31
According to Canopy Growth's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.31342. At the end of 2022 the company had a P/E ratio of -0.3868.
P/E ratio history for Canopy Growth from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.3868 | -96.07% |
| 2021 | -9.85 | 93.4% |
| 2020 | -5.09 | -81.18% |
| 2019 | -27.1 | 59.41% |
| 2018 | -17.0 | -91.3% |
| 2017 | -195 | -29.85% |
| 2016 | -278 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Simply Good Foods SMPL | 27.8 | -539.98% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.